When Entering the Number $1 / 3$ Into a Three Digit Base Ten Calculator, the Actual Value

question 17

Multiple Choice

When entering the number $1 / 3$ into a three digit base ten calculator, the actual value entered is

• A) \(1 / 3\)
• B) \(.333\)
• C) \(.334\)
• D) \(.300\)
• E) \(.330\)

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Definitions:

Suitability Letter

A document provided by a financial advisor, confirming that an investment is appropriate for a client's situation.

Firm Commitment

In finance, an underwriter's promise to purchase all the unsold shares of an issue, thereby guaranteeing the amount of capital that the issuer will raise.

Standby Underwriting

A commitment by an underwriter to purchase any unsold shares during an offering, ensuring that the issuing company raises the full amount of capital.

Best Efforts

A contractual clause requiring one party to exert all reasonable attempts to fulfill the terms of the agreement.